29 December 2014
Can anybody let me know whether Mvat on sale of Under Construction property should be paid at 1% of Agreement Value or should it be paid at higher of 1% of Agreement Value or Market Value..??
29 December 2014
It should be paid at higher of 1% of Agreement value or Stamp value determined by stamp duty officer(Stamp Value is mostly equal to market value)
29 December 2014
Hii, Check below link http://www.taap.co.in/index.php?option=com_content&view=article&id=94:amendments-in-mvat-act-2005--applicable-from-01-04-2010&catid=37:mvat&Itemid=45
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